What is a group license in real estate?

A group license in real estate refers specifically to a license obtained when an individual is working under a single owner-developer. This type of licensing allows the licensee to conduct real estate activities within the context of that particular owner-developer's property. It essentially provides the individual with the authorization to sell or lease properties owned by the developer without needing a separate license for each property or project they oversee.

This structure is beneficial as it allows the owner-developer to have a team of licensed agents who can handle various aspects of property sales and leasing while streamlining the licensing process. The focus is on the relationship with the owner-developer rather than being tied to multiple brokerage firms or independent sales activities, which distinguishes it from other forms of real estate licenses.